Key Points
- Major shareholder Ventures Vi (Jersey) LP Index sold 12,475 Figma shares at an average price of $25.39, generating $316,740.25. The sale reduced its holdings by 1.56% to 786,700 shares.
- Figma reported quarterly EPS of $0.08, exceeding the consensus estimate of a $0.22 loss, while revenue rose 48.2% year over year to $370.08 million. Despite the growth, the company posted a negative net margin of 123.15%.
- Analysts maintain a consensus “Hold” rating with an average price target of $32.22; the stock recently opened at $23.66 and has traded between $16.60 and $91.00 over the past year.
Figma, Inc. (NYSE:FIG - Get Free Report) major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the business's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $25.39, for a total transaction of $316,740.25. Following the completion of the transaction, the insider owned 786,700 shares of the company's stock, valued at $19,974,313. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Figma Stock Performance
FIG stock opened at $23.66 on Thursday. Figma, Inc. has a one year low of $16.60 and a one year high of $91.00. The firm has a market cap of $10.77 billion and a price-to-earnings ratio of -6.50. The firm has a 50-day simple moving average of $21.70 and a two-hundred day simple moving average of $22.65.
Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.30. The firm had revenue of $370.08 million for the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The firm's quarterly revenue was up 48.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. As a group, equities analysts predict that Figma, Inc. will post -0.79 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on FIG shares. Morgan Stanley set a $33.00 price target on shares of Figma in a report on Thursday, August 6th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Figma in a research report on Thursday, August 6th. Citigroup boosted their target price on Figma from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Oppenheimer reaffirmed a "market perform" rating on shares of Figma in a research report on Thursday, June 25th. Finally, Bank of America began coverage on Figma in a research note on Tuesday, July 7th. They issued a "buy" rating and a $30.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $32.22.
Check Out Our Latest Research Report on Figma
Institutional Trading of Figma
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIG. Parallel Advisors LLC grew its stake in Figma by 3,890.0% during the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company's stock valued at $25,000 after purchasing an additional 1,167 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Figma during the 3rd quarter valued at about $26,000. DV Equities LLC purchased a new stake in shares of Figma in the fourth quarter valued at approximately $26,000. Concord Wealth Partners raised its position in Figma by 1,446.8% during the fourth quarter. Concord Wealth Partners now owns 727 shares of the company's stock worth $27,000 after acquiring an additional 680 shares during the period. Finally, Harbour Investments Inc. lifted its stake in Figma by 1,568.2% in the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company's stock valued at $27,000 after buying an additional 690 shares in the last quarter.
Figma Company Profile
(
Get Free Report)
Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform's real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.
In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.
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